Binany Broker Licence https://www.binany.com/
This is binary options website. They are not regulated by any authorities. Binany is a trading platform that provides an opportunity to earn money on the rise and fall of exchange rates, stock prices and indices, commodities, and other assets. The functionality of the platform and new features are developed taking into account the interests of users in order to make trading a pleasant and profitable occupation, regardless of the level of training. Binany is regulated by law, making us one of the safest OTC brokers on the Asian markets. The company is part of the compensation fund of the regulator, which means that all market risks of our clients are protected in accordance with the law. Binany is a member of category “A” of the International Finance Commission, and this guarantees the company’s customers quality of service, transparency of relations, protection of a neutral and independent dispute resolution organization. This is their website. It’s widely used in india. I don’t know they are legit or fake. Also they claimed to registered in “IFMRRC.COM”. That regulations websites also seems fake. Because it’s seems like they give license to all the binary options brokers. I just want to know are they regulated or not? if they are regulated . where they regulated. Thanks.
Binany is an offshore broker and it does not seem to be regulated. According to its terms and conditions, the place of provision of services is the Republic of Seychelles, the place of management of the Company is the Republic of Cyprus. However, there is no mention of this broker in the CySEC (Cyprus regulator) register. We advise our readers to avoid unregulated offshore entities as they cannot provide the needed funds safety.
We have also found a lot of negative reviews about Binany around the internet. People complain about money loss and withdrawal problems. We advise to stay away from this broker and choose from the Regulated entities.